Overview

• The Rs 23,000 crore scheme launched on May 1 aims to boost local electronic component output and reduce import dependency
• Eligible items are classified into categories A–C, which had a three-month application window, and category D, which remains open for two years
• Proposals have come from domestic and foreign firms, including sector leaders Tata Electronics, Dixon Technologies, and Foxconn
• Officials are considering extending the July deadline to accommodate additional applications after robust demand
• The scheme targets Rs 59,350 crore in total investments, projects Rs 456,500 crore in production, and could create over 91,000 direct jobs